THE GLOBAL HOTEL INDUSTRY AND TRENDS FOR 2016

The global hotel industry revenue is predicted to reach $550 billion US dollars in 2016. The industry revenue was worth $457 billion US dollars in 2011, which showcases an increase in revenue of almost $100 billion US dollars in the past five years as we move into 2016, if this prediction proves to be true.

Europe and Asia Pacific continue to be key regions for the industry at large with the highest hotel occupancy rates to be found there at over 68% respectively. Both the Middle East and Africa are the most expensive regions for hotel room rates with a $165.97 US dollar daily room rate on average.

Across the industry, there are key business, technology and hotel marketing trends that are set to take root and impact the industry as a whole in 2016. These range from the rise of the millennial traveller as the dominant consumer group by 2017, to the increased interest in using mobile devices and apps to enable more personalised hotel guest services.

http://www.hospitalitynet.org/picture/153062066.jpg

RECENT NEWS

According to the Better Business Bureau’s History and Traditions web page they boast, “The Ancient Problem of Truth. The major concern of Better Business Bureaus from their inception until today has been an ongoing problem of ethics …” further quoting Cicero, “All...

December 12, 2017
Recently a group of archaeologists and anthropologists published a really interesting, comprehensive study of prehistoric civilizations and their sources of wealth.
It turns out that the most prosperous people and civilizations across ancient history-- and I’m talking...

President-elect Donald Trump is translating some of his populist campaign rhetoric into policy statements, including the contention that the Dodd-Frank Act should be scrapped because it has made Wall Street banks an even bigger threat to the nation’s economy and...

10 GLOBAL HOSPITALITY TRENDS IN HOTELS & RESORTS
WHAT IS HAPPENING TO OUR INDUSTRY OVER TIME? WHERE DID ALL THE GLAMOUR GO?
From time to time an industry expert will issue a set of Global Trends that are neither trends in the true sense....... or global.
On the eve of a large...

Years ago, and well before my hotelier days, I traveled to Bentonville, Arkansas selling ergonomic furniture, mouse pads and the like. The Walmart offices were huge then and I can only imagine how much they have grown since. Today, Walmart is the world's largest company by revenue ($288 billion)...